Healthx Management, LLC
SEC exempt reporting adviser (venture capital exemption).
- HQ
- WI
HealthX Ventures is a digital healthcare-focused venture capital firm that invests in innovative companies making healthcare more accessible, more efficient, and more affordable. It operates as a seed-stage fund, partners early with entrepreneurs, and usually leads funding rounds. Its portfolio spans areas such as sleep, clinical trials, virtual care, and AI-powered clinical tools.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed | Not enough dated deals | Seed, Series A |
| Sectors | Digital health | Digital health | Healthtech, Data analytics, AI applications |
| Regions | Not stated | Not enough dated deals | WI, CA, IL |
Says: what the firm's funds state. Does: from 2 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2015 | 1 | Data analytics, Healthtech |
| 2016 | 4 | Healthtech, AI applications, Enterprise SaaS |
| 2017 | 8 | Healthtech, Data analytics, AI applications |
| 2018 | 2 | Healthtech, AI applications, Data analytics |
| 2019 | 4 | Healthtech, AI applications, Data analytics |
| 2020 | 2 | AI applications, Healthtech, Data analytics |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2015 | 0 | 0 | 1 | 0 | 0 |
| 2016 | 1 | 3 | 0 | 0 | 0 |
| 2017 | 0 | 3 | 2 | 2 | 0 |
| 2018 | 0 | 1 | 0 | 0 | 0 |
| 2019 | 0 | 0 | 2 | 0 | 0 |
| 2020 | 0 | 0 | 2 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 1 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| HealthX Wisconsin Fund, L.P. HealthX Ventures is a seed-stage venture fund investing in digital health companies that make healthcare more accessible, efficient, and affordable. It partners early, usually leads funding rounds, and seeks strong founding teams with healthcare experience and scalable solutions. Inferred from the firm's website | approx. 2024 | $30M (Form D) | Open, writing first checks |
| HealthX Ventures Fund III, L.P. HealthX Ventures is a seed-stage venture fund investing in digital health companies that make healthcare more accessible, efficient, and affordable. It partners early, usually leads funding rounds, and seeks strong founding teams with healthcare experience and scalable solutions. Inferred from the firm's website | approx. 2023 | $100M (Form D) | Open, writing first checks |
03 · People across funds
- Kristi Ebong, Managing Director of General Partner of Issuers
HealthX Ventures Fund III, L.P. (Named on Form D)
- Mark Bakken, Managing Partner
HealthX Wisconsin Fund, L.P. (Named on Form D); HealthX Ventures Fund III, L.P. (Named on Form D)
- Alexis Johnson, Chief of Staff
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Brian Lindstrom, Partner
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Darcey Nett, Partner
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Emma Merrick, Associate
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Kayla Liederbach, Fractional Head of Marketing
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Laura Hilty, Principal
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Samantha McGrandy, Chief Financial Officer
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
- Shannon Flaherty, VP, Operations & Compliance
HealthX Wisconsin Fund, L.P. (Team); HealthX Ventures Fund III, L.P. (Team)
04 · Recent deals
05 · Latest from the firm
- InvestmentTreating the Cause, Not Just the Symptoms: Why We Invested in Root — HealthX VenturesJun 29, 2026
- Team changeHealthX Ventures Promotes Darcey Nett to Partner — HealthX VenturesJun 8, 2026
- InvestmentUpstream Healthcare: Why Investing in Teachers Is a Digital Health Strategy — HealthX VenturesMar 5, 2026
06 · Sources
- https://www.healthxventures.com
- https://www.healthxventures.com/
- https://www.healthxventures.com/portfolio
- https://www.healthxventures.com/insights/upstream-healthcare-why-investing-in-teachers-is-a-digital-health-strategy
- https://www.healthxventures.com/team
- https://www.healthxventures.com/focus
- https://www.healthxventures.com/insights/healthx-ventures-promotes-darcey-nett-to-partner
- https://www.healthxventures.com/insights/treating-the-cause-not-just-the-symptoms-why-we-invested-in-root
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026